GM has 'heightened partnership' with Mobileye for autonomous cars
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UBS Cuts Price Target on General Motors (GM) to $48 Following Investor Day
October 2, 2015 9:31 AM EDTUBS maintained a Buy rating on General Motors (NYSE: GM), and cut the price target to $48.00 (from $49.00), following an investor day. GM reiterated its 10% N American margin & European profit targets. This supports their 2016 EPS target of $5.00-$5.50, the mid-point is above consensus of... More
Mobileye (MBLY) Gains as GM Highlights Autonomous Car Push on Call
October 1, 2015 11:20 AM EDTMobileye (NYSE: MBLY) is sees upside action following headlines from GM's (NYSE: GM) conference call that it is developing a "heightened partnership" with Mobileye to speed development of autonomous cars.
Shares of MBLY last traded up 0.8% to $45.83.
MBLY is a recent short target of Citron Research.
... More